CANDEAL Account Type

CANDEAL offers various types of brokerage accounts tailored to meet the needs of different investors. The primary account types include:

• Cash Account: This account requires full payment for securities purchased. It is ideal for beginners who prefer to manage their investments without leverage.

• Margin Account: This account allows investors to borrow funds from the broker to purchase securities, enabling them to leverage their investments. While this can amplify gains, it also increases the risk of losses.

• Taxable Investment Account: Investors can deposit unlimited amounts and trade various assets such as stocks, bonds, and ETFs. However, investment income is subject to capital gains tax.

• Retirement Accounts: CANDEAL may also support retirement accounts, allowing investors to save for retirement with specific tax advantages.

CANDEAL Broker Account Opening Process

Opening a brokerage account with CANDEAL is a straightforward process that typically involves the following steps:

• Choose Your Account Type: Decide whether you want a cash or margin account, based on your investment goals and risk tolerance.

• Complete the Application: Fill out the online application form, providing personal information such as your name, address, social security number, and employment details.

• Provide Financial Information: You may need to disclose your annual income, net worth, and investment experience to help CANDEAL assess your suitability for different investment products.

• Fund Your Account: After your application is approved, you will need to fund your account. This can be done through electronic funds transfer from a linked bank account, wire transfer, or by mailing a check.

• Start Trading: Once your account is funded, you can begin trading on CANDEAL's platform, accessing a variety of financial instruments including forex, CFDs, commodities, and indices.

For more detailed information, you can visit CANDEAL's official website.